In this context, AFME has put forward recommendations:
General recommendations
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- Establishing a comprehensive EU retail investment strategy
- Fostering better conditions for SMEs to access equity finance
- Advancing the EU's global leadership on sustainable finance including through the promotion of globally coordinated efforts to defining sustainability
- Building a competitive digital single market by harnessing the potential of emerging technologies (including cloud computing, artificial intelligence and digital assets) and ensuring a level playing field among different types of participants
Recommendations in wholesale markets
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- Undertaking a recalibration of MiFID 2/R
- Building and interconnecting securities market ecosystems (including both trading and post-trading)
- Continue working towards creating an environment which supports a high quality and dynamic European securitisation market
- Improving and further converging EU legal frameworks, such as insolvency, and supervisory practices
- Recognising the role of banks and the need for well-calibrated prudential regulation to support the development of capitla markets
- Ensuring a well-functioning third country equivalence framework
- Deepening reflections towards a solution for a European safe asset